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Stock impact report

Origin Bancorp, Inc. Reports Earnings for First Quarter 2024 [Yahoo! Finance]

Origin Bancorp, Inc. (OBK) 
Company Research Source: Yahoo! Finance
Origin Bank (the “Bank”), today announced net income of $22.6 million, or $0.73 diluted earnings per share for the quarter ended March 31, 2024, compared to net income of $13.4 million, or $0.43 diluted earnings per share, for the quarter ended December 31, 2023. Adjusted pre-tax, pre-provision (“adjusted PTPP”) earnings was $31.9 million for the quarter ended March 31, 2024, compared to $26.7 million for the linked quarter. Adjusted diluted earnings per common share was $0.73 for the quarter ended March 31, 2024, compared to $0.60 for the linked quarter. “As I think about the current cycle we are in as an industry, I'm pleased with our results for the first quarter of 2024,” said Drake Mills, chairman, president and CEO of Origin Bancorp, Inc. “Our continued organic growth on the deposit and loan side reflects our strategy and focus on building long-term relationships with our clients and in our communities.” (1) Adjusted PTPP earnings and adjusted diluted earnings per common sha Show less Read more
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